daytrade diaries... october 21, page-33

From short term thread. Announcement last night was positve.
Not really a day trade but good for the folio into next year.

RCP holds 3700km2 of licences in the Northern Territory Macarthur River Basin,30 km from Qld border, an area that was successfully mined the whole of last century. The addition of recent RCP licenses of 1284km2 means that this whole tenement will now be mined with modern equipment. It is estimated that old mining practices uncovered less than 20% of resources. JORC resource of 5.3 million tonnes of grade 1.44%, including est. annual 75 000 tonnes of contained copper concentrate.

They have an experienced management team focusing on copper with exploration and upgrade for this year running up to full production at the start of next year.

The chart shows that this co. can run hard, in two weeks in June it ran from 1.5 to 3 cents. 100% in two weeks. It has consolidated following its share purchase plan and is now ready to produce.Its share price has bounced off 1.5 -1.6 (it has done this several times over the year and it is strong support)and is currently 1.7

Its a short term and longer term trade or hold. Have a read of their website.

At these entry levels,and with copper price on the up and up, the future is bright.

DYOR